Global liquidity trap
Date
2013
Authors
Fujiwara, Ippei
Nakajima, Tomoyuki
Sudo, Nao
Teranishi, Yuki
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Elsevier
Abstract
How should monetary policy respond to a "global liquidity trap," where the two countries may fall into a liquidity trap simultaneously? Using a two-country New Open Economy Macroeconomics model, we first characterize optimal monetary policy, and show that
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Journal of Monetary Economics
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Journal article
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2037-12-31
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